Konga sacks about 300 Staff, suspends Pay on Delivery

Nigerian eCommerce giant, Konga has reportedly laid off over 60% of its workforce, in what seems to be a move to drastically reduce operational costs.

According to Quartz, “CEO Shola Adekoya informed staff of the cuts yesterday November 30 and said the company will adopt a leaner business model”. There are also speculations that founding ex-CEO Sim Shagaya may be returning to his role, from which stepped down almost 2 years go.

While there is no official statement about the massive layoff, Shola Adekoya alluded to an “internal restructuring” in a recent Medium post in which he also happened to announce another major decision; Konga is shifting to a prepay-only model, essentially putting a stop to Pay on Delivery (PoD).

“In recent years,” said Shola, “we have explored several solutions for payment and e-commerce in Nigeria and concluded that prepay is a necessary approach for our business and the market.”

He penned down the decision to the “cost of inflation and increasing challenges of managing payment-on-delivery, as well as the resulting level of order cancellations on the platform”.